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Parent Loan Advisor

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This Parent Loan Advisor provides you with an estimate of the amount of educational debt you can reasonably afford for your children's education, given your current salary and other debt obligations.

The debt-to-income ratio is a standard tool for assessing whether a borrower will have difficulty meeting his or her repayment obligations. For example, most banks will refuse to issue a loan if the total of your monthly debt payments (i.e., mortgages, credit cards, auto loans, educational loans, etc.) exceeds 37% of your income.


Debt-to-Income Ratio:
Loan Interest Rate: (PLUS Loan = 8.5%)
Loan Term (Years):
Total Annual Income:
Monthly Rent or Mortgage Payments:
Monthly Auto Loan Payments:
Monthly Installment Loan Payments:
Monthly Credit Card Payments:
 

 
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